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The main reason for the narrowing decline in Hong Kong's retail sales figures in September was the low base effect, according to Bond Law, Executive Director of the Hong Kong Retail Management Association (HKRMA). He pointed out that there has been no change in the fundamentals of the current market situation, while consumer...
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The Kai Tak Sports Park will host the first soccer test match this Sunday (27th), and that the Hong Kong government and the park are prepared to ensure that the event can be carried out smoothly, with smooth and orderly entry and exits of the crowd, Chief Secretary for Administration, Chan Kwok-ki, posted on his social media acc...
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CHOW TAI FOOK (01929.HK)'s same-store sales in China continued to improve in 2FQ25 ended September, narrowing 24.3% YoY from the 26.4% decline in the previous quarter, Macquarie released a research report saying. In addition, same-store sales narrowed from a high double-digit decline in September to a mid-to-high single-digi...
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Hong Kong stocks boomed today. The HSI opened 26 points higher and once peaked at 20,942 with a surge of 443 points after midday. It concluded the day up 261 points, or 1.3%, at 20,760. The HSCEI hiked 115 points, or 1.6%, to close at 7,478. The HSTECH grew 83 points, or 1.9%, closing at 4,605. The total market turnover for the ...
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Rising gold prices have impacted gold jewelry sales in Mainland China, Hong Kong, and Macau, CICC issued a report saying. Retail sales in Hong Kong, Macau, and other markets declined by 31% YoY from a high base of the same period last year, while SSS in Hong Kong and Macau fell by 28% and 40% YoY, respectively.During the quarter...
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